Tennessee Business For Sale

Very Profitable Beauty Supply Store For Sale!!

Memphis/Shelby, TN

Retail: Health, Beauty, Nutrition

Owner Financing is Available
Down payment of: $90,000 and a note of $90,000 at 8% interest for 60 months $1,837 per month.
Asking Price:
Year Established:
Employees:
Listing Number:
$180,000
2003
1
38723405
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$360,000
$102,000
Not Disclosed
Not Disclosed

Business Overview:

This is a beauty supply business located in a south Memphis neighborhood. The owner started this business six years ago when he leased the space of a former Super D drug store. The size of the building is 5,000 square feet. Owner states that he buys inventory from six wholesalers and his overall profit margin is 40%. The store is open six days per week, Monday through Saturday from 9am to 7pm. The owner states that he is netting between $7,000 and $8,000 per month after his monthly expenses are paid and that he is selling because he is tired and ready to retire. Average Monthly Expenses: Rent: $1,500 Utilities: $400 Insurance: $180 Wages: $1,290 Alarm: $90 Telephone: $75 Total Purchase Price: $180,000 with a down payment of $90,000 and a note of $90,000 at 8% interest for 60 months payable at $1,837 per month.

For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

Contact the Seller:

To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.

Additional Information

Very Profitable Beauty Supply Store For Sale!!
Business Listed By:
Rand Gray
Elite Business Brokers
contact the seller
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